An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxesSteuart, James, Sir
History
An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
Steuart, James, Sir
Economics
I am not fond of condemning opinions; but I am very much for limiting
general propositions. I have hardly ever escaped being led into error by
every one I have laid down. Nothing is so systematical, nothing so
pretty in a treatise as general maxims; they facilitate the distribution
of our ideas, and I have never been able to dash them out but with a
certain regret.
As I often recur to private oeconomics for clearing up my ideas
concerning the political, I have asked myself, if it be a general rule,
that the master of a family should increase the mouths of it, to the
full proportion of all he can feed? Now it is my opinion, that in a
small family well composed, and where every one is properly employed,
both master and servants are much happier than in others vastly more
numerous, where the same order and regularity is not kept up; and that a
small number of well disciplined soldiers is more formidable, and really
stronger, than the numerous populace of a large city.
The use of inhabitants is to be mutually serviceable one to another in
particular, and to the society in general. Consequently, every state
should, in good policy, first apply itself to make the inhabitants they
have answer that purpose, before they carry their views towards
augmenting their numbers. I think it is absurd to wish for new
inhabitants, without first knowing how to employ the old; and it is
ignorance of the real effects of population, to imagine that an increase
of numbers will infallibly remove inconveniencies which proceed from the
abuses of those already existing.
I shall then begin by supposing that inhabitants require rather to be
well employed than increased in numbers.
If I know the number of inhabitants, I may know the proportion which die
every year: consequently, I know how many pairs of breeders are
necessary to keep up the stock. If I want to raise twenty bushels of
grain only, I do not sow my lands with twenty bushels. If I have as many
children born as there are people who die, I have enough by the
supposition. But these children must be raised proportionally, from the
different classes of inhabitants, which I here consider as distributed
into two conditions; those who do not labour, and those who do. May I
not venture to say, that there is no absolute necessity that those of
the first class should multiply in order to recruit the second. If then
the second class is kept up to its proper standard by its own
multiplication, and if their work be all consumed, will it not be found
that the diminution of those mouths who do not work, and which appear
only useful in consideration of the consumption they make, is no real
loss to the nation? But to this it is objected, that if the number of
the first class be diminished, the work of the second will lie upon
hand.
Public-domain text, read in full here on John Shaqi.
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